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resolution that the senate democrats have put ut in about four years. it would raise more tax revenue, selectively curb spending, and reduce deficits enough to stabilize the debt but not balance the budge net ten years' time. now here's what the house republicans promise. >> our budget will provide economic security for families. it will guarantee a secure retirement for seniors. it will expand opportunity for the young. >> paul ryan's latest edition of his path to prosperity budget isn't too different from previous versions. he plans to maintain revenue lefls, curing spending. the president is way behind on his february 4th deadline to put forward a proposal and he doesn't have much time left. >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work. >> america doesn't really have a budget right now. it has a continuing resolution, which is an extension of an earlier budget. that continuing resolution expires on march 27th. if congress goes beyond that without at least a patch, the government could shut
plans to drastically curb spending, reform the tax code what increasing revenue and actually reform the budget in ten years, and the president is way behind his february 4th deadline to put forth a proposal and he doesn't have much time left. >> my goal is not to achieve a balanced budget just for the sake of balance. my goal is how do we grow the economy, but america back to work? >> america doesn't really have a budget right now, it has a continual resolution, which is an extension of an earlier budget. that expires on march 27th. if government goes beyond that without a patch, they could shut down. we're supposed to have an actual budget resolution voted on and in place by april 15th, but we're way behind on that. on may 18th, we're set to hit the debt ceiling. some say that could be the showdown. i want to bring in nancy, with the "new york times." andy, let's start with you. both sides put budgets out. everybody knows that neither of these budgets are going anywhere. what happens next? >> so, essentially, we're going to go through the same sort of continuing resolution process
significantly. has he lost leverage with republicans? what does that mean for whether your taxes are going up? >>> and stephen colbert talks about his sister running for office and is talking about being white racist of itself. a war of words over race in america tonight. it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. live the regular life. phillips'. a hairline fracture to the mandible and contusions to the metacarpus. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bootleg dvds out
with your 401(k)? well, over the weekend, european policymakers agreed to bail them out by imposing a tax on the savings accounts of people who live there. that's right. they're actually taking the bailout money directly from people's bank accounts. of course, that sent folks running to their atms to withdraw their money, sparking a panic. now there's concern the same thing will happen in other parts of europe. and even though wall street is hanging tough, could the cyprus crisis impact us down the line? tom foreman has a fancy show-and-tell to help break it all down for us. tom, thanks for joining us. i understand why cypriots are worried, but why should americans be? >> because this can rattle your wallet. >> really? >> look at this over here. i start with the rhetorical question. what do shreveport, louisiana, knoxville, tennessee, have in common? they have bigger economies than cyprus. it has over a million people. gdp of about 24 billion. but this place is in big trouble right now, because of the issue of debt. what they have is a massive debt. they're spending more than they have, s
are always trying to protect taxes or wealthy people? is that a problem out there with the rank-and-file voters? >> no, i mean -- i don't think so. i think that's obviously a misperception that's become a real perception by the public. but i think we have to talk about things in ways that people can relate to. i mean, if you're talking about taxes and taxing small businesses, you have to talk about the fact that if -- if -- if our small businessman has to pay more money to the government, then he's going to have less money to pay to his ememployers, and the ememployers will have less money to send kids to the school of their choice. i think it's a matter of talking about the debt differently. not just we are in imminent danger in a debt crisis in this country. but what does that mean to people? it means that our government is growing so fast and it's becoming so expensive that we're making payments to our credit cards that we can't afford, which means we have to keep -- we'll keep having this debate about needing more revenue to the government. well, that means less money in peo
the budget over the next ten years. >> but no tax increases. >> no tax increases. the president already got $650 billion worth of tax increases january 1st. he got a trillion dollars worth of tax increases in obama care. this year the federal government will bring in more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in their budget. the truth is you're both right. i mean, they have offered spending cuts. the taxes did go up. it still hasn't made enough of a dent. you still have to sit down and do something. >> right. i think we're doing our budget this year. actually we're doing it this week here in the house. our budget will balance in ten years. we're going to pass our budget. hopefully the senate will pass their budget. except their budget never comes to balance. the president's budget never comes to b
's going to cut taxes for everyone and get two tax brackets of 10 and 20%. and then medicare is going to become private subsidized health care plans for people under 55 and eliminates the federal program. if you're cutting taxes by that much, it sounds like, well, it sounds like you're cutting those other things dramatically, too. >> well, yeah, paul leaves it out in there. to me, this is a very good blueprint to go forward on. i also support tax cuts. i do think that ultimately, tax cuts do generate more revenue. i come from the jack kemp school of republican party which does believe in tax cuts. but, again, this is our plan on the table. president should come forward with his and we'll go forward from there. this is a divided government. the republican realizes that. we're going with what we feel is our best case. and it's really not challenging, but it's asking the president come forward with his. the fact that he's coming in tomorrow. we'll go over some of these issues with him. and it will be a good first step. >> you know what's kind of amazing about that. some of your fellow re
some republicans that they might be willing to bend on the issue of raising new tax revenues by closing loopholes and deductions. they say it is a good week, but they know in the house it is unlikely a lot of republicans will sign onto new tax revenues as part of a grand bargain. that's why administration officials have also been cautioning that the president has been talking to lawmakers about other issues like gun control and immigration. it is an issue and example that the president doesn't want to get bogged down on fiscal and budget issues. but the white house officials are also hinting we may see more of a charm offensive after he gets back from his trip to the middle east next week because they do believe at this point, wolf, it is working to some extent. >> the president is going to israel and then jordan this week, a major trip, a lot to discuss, including iran right now, what's going on, the president telling israel television that iran potentially is within a year of making some nuclear bomb. the pressure on the president during this trip will be significant. >> reporter: tha
's an identity thief who used this device to grab his wi-fi signal, steal his identity, file taxes and get his return. now she's got his money, and he's got a problem. >> looking forward to your tax refund? so are identity thieves, and they can steal your identity without you knowing it in order to get your refund. it happens to thousands of people every year. you have to be proactive when it comes to identity theft, especially during tax season. >> announcer: every year, millions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. your identity needs protection, and no one does it better than lifelock. >> identity thieves steal from everyone. you have to protect yourself. i protect myself with lifelock. >> announcer: lifelock offers the most comprehensive identity theft protection, period. and lifelock ultimate was named "best in detection". lifelock's 24/7 proactive protection alerts you as soon as they detect an attack within their network, before it's too late. lifelock protects your social security number, money, credit, even the
country to get a bailout. very controversial because it includes a tax on bank accounts. over the weekend, nervous cypriots ran to the atms to with draw large sums. lawmakers holding a hearing today in the u.s. on the us airways/american merger. a senate judiciary committee looking into the impact the deal might have on competition. the ceos of both airlines will appear. many analysts don't expect ticket prizes to rise, because there isn't much overlap between usair and american. still airline mergers are often heated and messy. complaints about lost bags, screwed up reservations, delayed flights typically soar after two airlines combine their reservation systems. we'll continue to watch the big airline merger. >> always has the potential to be a hot mess. >> yeah. >> take a look live at the vatican. the pope now greeting the leaders from around the world. we'll tell you what he says in his next -- before his inaugural mass this morning. take you back live to rome coming up next. and then today marks ten years since the invasion of iraq. coming up john's powerful conversation with america
. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. michigan's governor is not waiting any longer for a plan from the city government in a very dramatic move today he named the washington attorney kevin orosz to take over the city as emergency manager. the republican governor rick schneider is joining us with kevyn orr. thanks very much for joining us. >> great to be with you. >> thanks for inviting us. >> mr. orr, let me start with you. what are you going to do? you have about 18 months to try to get detroit's finances in order. >> wolf, the first thing is make an assessment if i can of enhancing city services to the citizens of detroit. i'm going to sit down with consultants and restructuring team that the governor has in place to try to prioritize what we need to do next based upo
at this point. >>> h&r block software glitch is delaying some 600,000 tax refunds up to six weeks. you're affected if you claimed education credits using form 8863. they say you're okay if you filed after february 22nd. the problem is fixed now. it is working with the irs to get people their money as fast as they possibly can. >>> a 16-year-old allegedly rained by two star high school football players in ohio town in shock and outrage as the trial opens. next, the latest from steubenville and we will hear from our legal experts. stay with us. [ male announcer ] if she keeps serving up sneezes... [ sneezing ] she may be muddling through allergies. try zyrtec®. powerful allergy relief for adults and kids six years and older. zyrtec®. love the air. and kids six years and older. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or m
in the bank will be taxed on them. under $130,000 it's a 6.75%, over $130,000 a 9% tax. and of course this is going to hit ordinary depositors, moms and pops, poor businesses, anybody who's got a bank account in cyprus is going to have to pay this tax. and it changes a fundamental principle of all bailouts so far. it is hitting the small people, the private investor, the private depositor. >> look at the other countries that have been bailed out. greece as a prime example where wages and retirement was slashed by more than these people are going to pay, which is a -- >> no, no, no. no, michael, it's not -- in cyprus case it's not an either or all, it's going to be a both. not only are they going to face this tax to help make up a shortfall, they're also going to have spending cuts and the government cutbacks, they're also going to have the recession that follows on as they try and make the economy back on track. this was done because some european countries believed to be the fins and germans and other northern european countries wanted to make sure they were not seen as bailing out r
a one-time tax on bank accounts. why investors are around the world including the united states are growing more concerned about what is happening in cyprus. >> we're following a developing story in nevada where a military training exercise has ended in tragedy. the marine corps says seven marines were killed in an explosion. authorities investigating the exact cause which could include a related traffic accident. >> all this happening at hawthorne army depot in western nevada, 140 miles southeast of reno. helicopters brought in to take those patients to area hospitals. >>> at least 48 people today were killed in a wave of deadly attacks across iraq. >> in all, 17, yes, 17 car bombs, 7 roadside bombs and 2 shootings, this all coming of course on the tenth anniversary of the u.s.-led invasion of iraq. >> a live report from baghdad at the bottom of the hour. ♪ >> the trumpets sounding in the vatican, today marks the official start of pope francis' papacy. >> thousands of people, francis was inaugurated. the bishop of rome. >> francis cruise through st. peters square, in an open
-fifth of our income in taxes to the federal government each year. but the federal government has spent a lot more. so our budget matches spending with income. >> again, mitt romney is to speak this hour. his first since losing the presidential race. we'll go there live as he starts talking. but first let's bring in our brianna keilar who is at the conference in maryland. so, brianna, this is romney's first speech. highly anticipated. >> reporter: highly anticipated his first major speech, fredricka, since his loss in november. we saw him give an interview recently to fox news channel. but as you can imagine it's very different i think sitting down one-on-one with someone versus being here in an auditorium of so many people, literally could be thousands of people watching him here in national harbor, maryland. we're told by a source familiar with what he's going to say that his comments will be personal and that they will be forward looking. obviously his campaign -- he and his campaign weathered a whole lot of criticism for the loss in november. so it will be really interesting to see how he
swallowed a man in the middle of his golf game. trapped in a pile of mud 18 feet below ground. >>> and a tax season snafu causes refund delays of more than a month. find out if your refund is one of them. live in the cnn newsroom. >>> good morning. thank you for being with us. i'm carol costello. we begin this morning at the vatican, where billowing black smoke reveals the catholic church is in search of a leader. cardinals have voted three times now and have not selected a new pope. things get even more interesting. the cardinals enter the conclave with no clear front-runner and we are wondering, if the election is deadlocked or if they are ziering in on a successor to pope benedict. chris cuomo, let's start with you. the cardinals breaking for a long lunch. how much has this process been pushed along? >> well this is the most important part of the day you could argue, carol. they are not allowed to politic in the conclave. more of a religious ceremony than a convention this is their chance. they eat, rest, move around, go in different rooms. we are told, of course, they take time to pray.
have bank accounts would be taxed one time on their deposits. so if someone has an account with $129,000 or less, they would have to fork over almost $9,000. that's a 6.7% tax. people who live there as you can imagine, they're really nervous about this tax. over the weekend, many rushed to withdraw their money out of the bank. this is what's unnerving the markets right now. about 15 minutes before the opening bell. >> al wlis siclisoison kosik li york stock exchange. >>> the heat tied a leg record for the second most con secreta consecutive wins. they will try to extend the streak in boston tonight when the celtics have their own run going, 11 straight home wins. >>> another miami basketball team is also on a roll, though. the university of miami hurricanes beat north carolina to become atlantic coast conference champs and advance to the ncaa tournament. 67 other teamses are in the big dance which tips off tomorrow. that means it's time to fill out those brackets. carlos diaz is checking a huge one here in the cnn center. wow, carlos. ♪ ♪ indiana, indiana, we're all for you, we w
with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. so, i'm working on a cistern intake valve, and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps you on the road like progressive commercial auto. [ flo speaking japanese ] [ shouting in japanese ] we work wherever you work. now, that's progressive. call or click today. >>> would you believe i took the subway? the subway, mary. i'll never be able to wear it again. >> valerie harper, 50 million people tuned in for what was the event of the year. valerie is back with me now. in the break, i was checking my twitter feed. it absolutely has blown up with people so moved and inspired. many to tea
is being asked to tax the savings accounts in people's banks at about 10% in exchange for 10 billion euro bailout from its eu partners. that's a first in the short but painful history of eurozone bailouts and it set off a weekend run on atms. people trying to get their savings out before taxes hit. banks are closed through wednesday to prevent a run. parliament is due to vote on that tax tomorrow. >>> so how offensive is this. check out that salute. the nazi salute on the field of a professional soccer game in greece over the weekend and the player is actually doing this to celebrate a goal. that 20 year old was immediately admonished. look at the look at the face of his teammate. eke. in his defense he said he did not know this was a nazi salute. that he doesn't know politics. but he certainly has time to learn now because he's been banned for life from ever playing on his country's national team. >>> a close call for louisiana governor bobby jindal on his way home from his son's soccer game when a truck sideswiped his car while making an illegal turn. governor jindal wasn't hurt but a t
again, not surprising, the parties split over taxes, spending cuts, and the deficit. house republicans and democrats from the house are now trying to make their case. >> the republican budget, the same baby with a new dip somewhere there is diaper will have be changed once again. reality is, this budget is very little difference between this budget and the ryan republican budgets of the past. >> you want more tax and spend or you want a future that balances. the question is always why, one or the other. the democrats' tax and spend, you get the same economy that you've had right now. you're going to lose more of your paycheck which every person working today has. >> all right. so another thing happening at the white house here. the easter egg roll might be spared from this government gridlock. all this started when ticket holders to the annual event were told it could be cancelled if lawmakers cannot agree on a plan to prevent the government from shutting down. this year's easter egg roll set for april 1st. looks like it's going forward as planned. we know it's a fun event. a lot of pe
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's allowances, tax breaks for home ownership for simple reason, they work. she goes on, it is surprising that we haven't already put the solution to more widespread or better use. so, she is responding to this new campaign in new york that critics are calling hostile and stigmatizing towards teen parents. you see this display here. these are babies, their pictures are shown. the little girl here says, honestly, mom, chances are he won't stay with you. what happened to me? erica was going to come on and speak with us today, personal reasons she couldn't quite make it. we wanted to just discuss her idea. erin ashburn, mara davis, jack moore, and belmonte jones. welcome to all of you. i'd like to hear from you first. tell me, what do you think paying teens not to get pregnant. good idea, bad idea? >> here's the thing, who's going to rationalize with the teenager, right? if you've got a kid that's 14, 15, 16, whatever you're saying to them now is not something that's going to hold true. when you're at a party, when you like a boy, you're going to do what you want to do. >> you don't think money talk
costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back. a developing story to tell you about coming to us from upstate new york. police are believed to have surrounded a man who is wanted in a shooting spree that left four people dead, two other people critically wounded. the standoff is taking place right now in herkimer county. cnn national correspondent deb feyerick is live on the scene for us this morning. >> reporter: good morning, soledad. right now police are just trying to wait out the suspect. 54-year-old curt myers. hold up a block away from me. this is main street. this is an area where the police station, the fire station, all within walking distance. so he's picked a very public area in which to do this. the standoff began about 15 hours ago, e
continued to spend money in february despite higher payroll taxes and gas prices. the policies are keeping interest rates down and making the stock market the best place to go for a return on investments. and samsung's galaxy could be one of the best selling smart phones of the year. it comes with a high resolution crean, and it is lightweight because of the plastic shell. samsung is not giving any details away on the processor or price. the galaxy is expected to hit the shelves in april. >>> and then plunging to the lowest level since 2007, and more buyers jumped back in the market thanks to low interest rates. >>> and then hostess filed for bankruptcy last fall after a baker's strike pushed the company over the edge. >> people were mad about that, couldn't get their tweenkees, right. >>> facebook is using hash tags as well now. >> it took me a while to figure out what the hash tags were used for, and now facebook wants to cash in on it and maybe the stock will go up as well. >> the idea is to get people using facebook longer. you check in and go away, and they want you to stay on faceboo
republicans today. talking about spending, taxes, other critical issues. dana, are you with us? >> reporter: i am. can you hear me, wolf? >> now we hear you. >> reporter: good. to answer your question the timing couldn't have been more fascinating because it was about a half way through the president's meeting with house republicans that we all saw the white smoke. when he came out we asked him about that. >> mr. president, what about the new pope? >> mr. president, are you upstaged by the new pope? >> i made the announcement we saw smoke but i haven't actually seen the official announcement of name so we look forward to hearing about it and i'm sure it is going to be -- >> what about the white house tour? will there be white house smoke here. >> you're straining the analogy. >> how'd it go? >> good. i enjoyed it. it was useful. thank you. >> now, when we heard about the pope we were e-mailing with people in the room asking if people there knew about it. at the beginning there was hub bub but then it turns out the president was handed a note by his deputy chief of staff telling him the news an
. you see, a vast majority of these couples are getting divorced so they can avoid a new chinese tax. beijing recently decided to impose a 20% capital gains fee on sales of second homes. so, the theory goes, if you have two homes and you get divorced, you can register each home under separate names. then, if you sell one of those homes, you escape the new tax and then, i guess, you can get remared. the bizarre exploitation of this loophole tells a larger story. at an individual level, it shows the importance of housing as an investment in china. but at the macro level, the story shows how beijing's new leaders are are struggling is to deal with what some are calling a property bubble. on the one hand, prices are soaring in the big cities. in shanghai, for example, developers say property prices have risen 40% in one year. this is because demand has stayed well ahead of supply, as more and more people migrate to big cities. on the other hand, second and third-tier towns have a different problem. here, supply exceeds demand. too many houses. look at these pictures of ghost towns in chi
and where the storm is heading. >>> and michele bachmann is saying president obama is wasting her tax dollars on his family and his dog beau. she said stuff in the past that has no facts to back it up. we wanted to ask where she got her fact this is time. we'll show you what happened when dana bash tracked her down. at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. ♪ ♪ twith blackberry hub10 and flick typing. built to keep you moving. see it in action at blackberry.com/z10. ♪ it was the best day ♪ ♪ it was the best day yeah! ♪ it was the best day ♪ because of you [sigh] [echoing] we make a great pair. huh? progressive and the great outdoors -- we make a great pair. right, totally, uh... that's what i was thinking. covering the things that make the outdoors great. now, that's progressive. call or click today. >>> a convicted school gunman not only shows no remorse for kil
is saying president obama is wasting her tax dollars on his family and his dog beau. she said stuff in the past that has no facts to back it up. we wanted to ask where she got her fact this is time. we'll show you what happened when dana bash tracked her down. just when you thought you had experienced performance a new ride comes alo and changes everything. the powerful gs. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. nlove. as americans, we believed we can'tin freedom.person we during the command performance sales event. that's what i fought for as a marine, and that's what we believe in as republicans. freedom means freedom for everyone. i didn't use to understand the importance of same-sex marriage, but after learning my brother was gay i wanted the same rights for him. he was the best man at my wedding and i want to be the best man at his. it's only fair that calvin should have the freedom to marry the person he loves, too. it's time for marriage. google's backyard for the wbing it on challenge.. [f
here. one is each one had to alienate their own base. reagan increased taxes. o'neil cut benefits. both of them took heat. same thing with bill. clinton and newt gingrich didn't like each other much. both of them had to cut benefits, cut spending and newt gingrich agreed to raising taxes and balancing the budget. left a trillion dollar surplus in the bank. barack obama has to stand up to the base. i'm in the base. he's got to stand up and alienate us: and boehner has to do the same thing against the tea party. it won't happen unless both sides are willing to stand up. >> final question, lance armstrong in a similar way for the way they forgave bill clinton. you were part of that forgiveness process, some would argue, for bill clinton. as long as armstrong got that kind of chance, you think? >> a bit of a disclosure. i've had conversations with his attorneys. i think oprah was a good step, but not enough. he has to do much, much more to ever put this behind. >> but is it a possibility? >> yes. i think the american people are always willing to forgive if there's a teaching moment that out
? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. nlove. as americans, we believed we can'tin freedom.person we that's what i fought for as a marine, and that's what we believe in as republicans. freedom means freedom for everyone. i didn't use to understand the importance of same-sex marriage, but after learning my brother was gay i wanted the same rights for him. he was the best man at my wedding and i want to be the best man at his. it's only fair that calvin should have the freedom to marry the person he loves, too. it's time for marriage. from beautyrest40% and posturepedic.ets save hundreds on floor samples and closeout inventory. but hurry, the beautyrest and posturepedic closeout sale ends sunday at sleep train. ♪ your ticket to a better night's sleep ♪ >>> congresswoman michele bachman
will have to wait an extra six weeks for their tax refund. the irs says some tax refunds that claimed educational credits were filed improperly. the agency isn't saying who is to blame, but h&r block does acknowledge that it encountered errors when filing some returns. h&r block says the problem is now fixed that it's working with the irs to get the refunds out as fast as possible. >>> the long national nightmare is over. twinkies are coming back. >> thank goodness! >> i know, right? they could hit the store shelves by this summer. now we can solve the sequester, everything will get better. this is after a group of private equity firms agreed to buy bankrupt hostess for $410 million. hostess has not been making any new twinkies since november, when the company filed the liquidated business after a bakers union strike. >> now i can stop thwarting my twinkies. i didn't grow up on sweets, but i love twinkies. >>> 25 minutes after the hour. ahead on "early start," we're keeping an eye on vatican city for any possible word of a new pope. >>> plus, you sure like them, you post them on your
of the fiscal cliff deal. what about that? >> we believe tax reform ought to occur so we get a pro-growth tax policy to get the economy rolling again. we'll charge the ways and means committee with doing that. come out with some white papers that provide a construct for that and we're excited about that excited about making certain we bring down tax rates for individuals and businesses, we have the highest business corporate rate in the industrialized world. that doesn't create jobs for anybody. that's a disincentive for job creation. wonderful reforms to get that economy rolling again and jobs created again in the house budget. we look forward to the debate that's going to come. >> tom price joining thus morning. thank you for joining us. >> thank you, soledad. >> you bet. >>> actress gwenneth paltrow has an interesting rule for her children. no carbs. we'll talk about that. and we'll talk about jillian michaels if that's healthy at all. she has written a new book called "slim for life." she is ahead. ♪ looking for a litter with natural ingredients that helps neutralize odors. discover tid
with $129,000, you would have been taxed $8,700, gone. taken right out of your account just like that. the people in cyprus protested and rushed to withdraw their money. look at the protest lines at the banks. any bailout needs to come with strings attached and the russians, guess what? why are the russians not happy about this tax? because about $30 billion, a third of money in cyprus belongs to russian people. russians park their money there because the taxes are so much lower. this would be a tax on russian money, too. for now the banks remain closed until thursday. the cyprus stock exchange remains closed. the uk is flying one million euros in cash to cyprus for british soldiers who might run short of money. this is a really interesting situation to watch here in cyprus. >> imagine your bank being closed. >> yeah. you have no access for three days. >> it's a reminder of how fragile and interconnected some of the pieces are in the european story. we're watching a recession deepen in europe. >> also when you think you have awe tax haven. >> that's right. >> christine, thank you. >>>
on that. >> let's talk about that. we have a tax rigattacks, wall street has been attacked. other capabilities from other countries including iran to knock out our grid system, to attack some of our banks, icana has probably stolen more trade secrets, the largest amount of theft in the history of the world and we have got to stop this. one of the issues out there, mike and i have been working on this for two years and we put together a bill that would pass in a bipartisan manner last year. went to the senate and failed and we have to move forward and people are saying why do we have to continue? and in that one year we've had more attacks, "the washington post," "the new york times" are getting atacked, and they're getting stronger. what keeps you up at night, i'll say spicy food, weapons of mass destruction and destructive cyber attacks, and we have the capability to stop this, but we have to pass our bill, and our bill is only 37 pages, our bill deals with privacy issues yet we're working with the white house and the senate and the privacy groups to try to get a bill that will p
to change the fact that the president wants to deal with deficit reduction by raising taxes and cutting spending and the republicans don't want to even talk about raising taxes. however, one of the things that has been kind of the hallmark of criticism of the president from democrats and republicans here on capitol hill for a long time is that he doesn't reach out, he doesn't have a relationship. and you can't do anything really fundamental without having a relationship. so when it comes to that, there's no question. it couldn't have hurt, it had to have helped. >> all right. dana good to see you. dana bash there. >> you too. >>> all right. new york's cardinal timothy dol dolan, he's had a lot to say about the new pope. we'll tell you what he thinks the pope can change in the church. he's got a big job ahead. univers rough economic times have led to an increase in clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help ey nee en you s thesss, doyou want tw? wi d the field of counseling or psychology from capella universi
it by reducing and taking away child benefits, which was universal tax credit that was given to all mothers. they did that five months ago. now yesterday they announced that they were going to give credit to parents who were going out to work, but they weren't actually going to bring it into place until 2015 until the next government's in place. so we've got a long way to go until it actually happens. >> there was an interesting survey here in the united states salary.com, i'll give you the stats, they said that mothers spend about 94 hours a week working on their parental duties. this is no real surprise i suppose if you've got kids. things like child care, cooking and cleaning. if they were to get paid for those duties with today's sort of average salary rankings, it comes out to $112,000 a year you'd be paying them. so you generally think stay at home moms aren't respected in great britain or generally speaking within the community? >> no, they're not respected. women visible in country and there are only two countries in the whole world that don't recognize a family, that means a couple
. >> the bloomberg restriction or sugar tax, what is the solution? >> you would think as a health advocate i'd support the bloomberg proposition but i think whenever you ban something like that, in a free market, there's always a workaround if you're a vendor or store owner you'll sell those sugary drinks two for the price of one or free refills, whatever. i don't think that works. things that encourage people to make better choices by making fruit and vegetables less expensive. the cost of fresh fruit and vegetables has gone up 40% in the past 20 years while the cost of the fatty and sugary foods has gone down 20%. >> by 2030 the robert wood johnson foundation estimates medical costs of obesity related diseases will increase by $66 billion. the loss in economic productivity $390 billion to $580 billion. i'm all for the free market but as a restaurant owner when people have high calorie choices don't you end up paying in higher health care costs down the line? >> i'm not sure. i think we got to go back we have got to educate people. we have basically taken physical education out of our schoo
. >>> democratic lawmakers in minnesota are considering a snack tax. some retailerses say they can't stomach it. the tax would affect products like chips, prets zels and trail mix but only smaller than eight ounces. the bill is facing opposition who say it will create confusion. >>> a dramatic crash landing captured on video in california as a sky diver spins out of control. he was falling too fast for his parachute to deploy correctly. his terrified jump partner watched the entire thing unfold. >> i was pretty sure i was about to watch my friend die. >> i completely lucked out. god watches out for idiots and puppy dogs. we just walk away. >> incredibly the sky diver suffered only a dislocated shoulder along with nasty bumps and bruises. conservatives gathering in washington for a three-day meeting that could reshape the republican party. this year's conservative political action conference comes on the heels of gop losses in the house last fall and mitt romney's defeat in the race for the white house. joining me now, chief of staff for newt gingrich's 2012 presidential campaign. welcome. >> ho
the budget, ever. in fact, they call for another trillion dollar plus tax hike on top of even more spending. if we did nothing, meaning not pass the budget, the government would save money. look, we take the opposite approach. i am proud of our budget. it has changed the conversation. today, we're not talking about cliffs or ceilings or sequesters. we're talking about solutions. and that's how it should be. our budget expands opportunity by growingeconomy. it strengthens the safety net by retooling, and restores government by ending cronyism. >> all right. we'll step away from congressman paul ryan, obviously he explain the audience at cpac. we'll continue to monitor congressman ryan's comments and bring you more as they come in. we'll take a quick break. back with more. gy. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. some people will do anything to help eliminate litter box odor.
certain taxes on what they call sin taxes. personally, i don't think that it's something -- i laughed out loud when i heard because can you imagine the insurance possibility you'd have to take on to have somebody smoking pot on a cruise ship? it blows my mind to think the potential could be for disaster. but i guess an argument could be made. >> and you get the last word on pot. >> first time i've heard that. it's interesting to me. like this guy michael is high when he came up with this concept. i mean, i can picture him on this bus driving around and for getting where to park. i think recreation is one thing, but involving the outside of everyone else's group to go have a pot fest, you know, that's a little too much. >> and we'll end it there. thank you all. coming up next, sex, secrets and he is pespionage espionage. a defense contractor charged with telling top secret information to his mistress, but wait until you hear who she is and how he was caught. little mis you feel, use neosporin to help you heal. it kills germs so you heal four days faster neosporin. also try neosporin eczema
that the revenue office estimated that as a possible tax take. that's not my understanding of the liquor control board is using that as a target. at least i hope that. >> know the. that's probably the full size of the marijuana market in washington now. so we're not going to try to figure out how much money the state will make but how much marijuana is used now, and how much more might be used if it's legal and how much more to grow and sell within the state without the problem of having people export it out of state. that's the big problem as it looks to me. >> ah, okay. >> this is not a revenue estimization. not a state lottery. the only way to make a lot of money selling marijuana is to sell it to people smoking a lot of marijuana which is not a good thing. >> my final question. the dea said in a statement last year, keeping marijuana illegal reduces the availability, legalizing would increase accessibility and encourage promotion and acceptance of drug use. you just said the only way to make money is to sell it to people who use a lot of it and that's not a good thing. >> everything that was
my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> that's it for us, thanks for watching "erin burnett outfront" starts now. >> i would like to pray for the lord so that the prayer of the people blesses also the new pontiff. >> the new pope asked for the people's blessing. good evening, everyone. i'm erin burnett in front of st. patrick's cathedral in new york city. what do we know about the new leader of the world's catholics? we're going to tell you. let's go "outfront." >>> and good evening to all of you. "outfront" tonight, we do have a new pope. argentina's jorge mario bergoglio stepped out on the balcony of the papal residence tonight and greeted 150,000 people and more than a billion others who were watching on television around the world. take a look a
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